Europe

What Israel Can Teach Us About Rebuilding an Economy
November 30, 2009

The wall between The Wall Street Journal’s news division and its editorial page makes for a lot of good reporting and a fair amount of cognitive dissonance as well. For example, the November 24 edition featured an article, tucked away on A14, about Israel’s response to the economic crisis. In it we learn that the Netanyahu government raised taxes, avoided traditional stimulus measures, and ruled out government bailouts for banks and bondholders.

Palin and McCarthy
November 30, 2009

A new Washington Post poll of Republicans records the remarkable extent to which today's rank-and-file GOPers can't identify much in the way of any clear-cut Republican leaders.

Does Dubai Matter? Ask Ireland.
November 30, 2009

Presumably the rulers of Dubai and Abu Dhabi are currently locked in negotiations regarding the exact terms that will be attached to a “bailout” for Dubai World. We’ll never know the details but if, as seems likely, the final deal involves creditors taking some sort of hit (perhaps getting 75 cents in the dollar, at the end of the day), does that matter? Dubai probably has around $100bn in total liabilities, if we include off-balance sheet transactions, so total credit losses of $30-50bn need to be assigned. The direct effects so far seem small. HSBC leads the pack, in terms of exposure, but

Cheney for Fisherman
November 29, 2009

Jon Meacham is clearly an intelligent person and skilled writer, but his judgment about America and what America needs is somewhat inferior to that of my cat Lexie. Last November, he was telling us that the election affirmed the nation’s conservatism. Now he is urging Dick Cheney to run for president in 2012.

The Incredible Lightness of the U.S. Media
November 27, 2009

If you just read American newspapers, you might not know that financial markets around the world plunged over news that the government-owned Dubai World – upon which that emirate’s claim to economic (non-oil) leadership in the Middle East rests -- may be on the verge of collapse.  I followed the Dubai story in The Financial Times, which headlined it on its web page from the early morning yesterday. Today, they have a three page spread.

Today at TNR (November 24, 2009)
November 24, 2009

How Wall Street Was Defeated on Capitol Hill--For Now, by Noam Scheiber Can Reform Actually Improve Medical Care? Not-So-Promising Signs From the Senate Bill. by Jonathan Cohn The Problem with Putting a Price Tag on Nature, by Bradford Plumer How Geithner Can Fix His Image Problem, by Noam Scheiber Peretz: The Accelerating Decline of Europe, by Marty Peretz Don’t Waste Any More Stimulus Money on Infrastructure, by Robert Puentes Watch Out, Obamacare Has Your Guns in its Sights! by Michelle Cottle Is It Too Late For the Fed to Help Ease Unemployment Rates?

The Accelerating Decline Of Europe
November 23, 2009

There were two high points in the career of Tony Blair.

EU Who?
November 20, 2009

Today the European Union finds itself with two new top leaders--Herman Van Rompuy, the EU’s first president, and Catherine Ashton, the new high representative of foreign policy. If the names are unfamiliar, you’re not alone.

The Break-Up
November 18, 2009

Click here to read Steven A. Cook on why we should expect the Palestinians to launch a third intifada. Israeli officials and experts were initially reacting to Palestinian president Mahmoud Abbas's promise not to seek re-election in one of three ways: They believed him and didn’t really care; they believed him and worried about the possible vacuum following his disappearance from the political scene; or they didn’t believe him. Last week, the third option seemed to be the most common read in Jerusalem.

Why France Is Mulling A Carbon Tax
November 17, 2009

Yesterday, I noted that Europe's cap-and-trade system seems to be faring pretty well at cutting CO2 emissions. As a partial counterpoint, though, check out Eloi Laurent's analysis of the ongoing carbon-tax debate in France. The story here is that the E.U. cap-and-trade system has driven down emissions from France's largest industrial facilities and power plants, but that only tackles about half the problem.

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